🤖 ESMA has issued a statement urging banks and investment firms to maintain an "unwavering commitment" to clients' best interests when utilizing AI. The statement emphasizes that firms' decisions, whether made by humans or AI tools, remain the responsibility of management bodies. This applies to both in-house and third-party AI services. The statement aligns with the EU's MiFID securities law and is separate from the EU AI Act. Meanwhile, the EUBOF highlighted the potential of blockchain and AI integration in sectors like healthcare and finance. So, folks, keep your AIs on the prize!